Pennsylvania – update through November 2022
Natural gas production in Pennsylvania was 20.2 Bcf/d in March (Hz. wells only), slightly lower than the output a year ago (20.5 Bcf/d).
Permian – update through August 2022
Permian tight oil production rose to a new output record in May, at around 4.6 million b/d (after upcoming revisions, horizontal wells only). Not all this production is reported yet by the state agencies, thus the apparent drop in production in the above chart.
Eagle Ford – update through July 2022
Tight oil production in the Eagle Ford has hovered at around 1.05 million b/d since the start of this year, near the lowest levels in 9 years, and came in at just above 1 million in July (there will still be some minor upward revisions). If you switch product to ‘gas’, you’ll see that the picture for natural gas is rather different, and that it has been increasing in the last 2 years to just over 6 Bcf/d.
What’s behind the rise in US shale gas production?
Since the pandemic, US gas and oil production have taken different trajectories: oil has not fully recovered, but gas is setting fresh highs. Here at Novi, we get asked questions about these types of trends all the time.
North Dakota – update through July 2022
Oil production in North Dakota from horizontal wells rose by less than 1% m-o-m in February, to 1.05 million b/d. Natural gas output increased by 2% to 2.8 Bcf/d. Only 63 new horizontal wells came online in the first 2 months of this year, compared with 180 in 2020 and 68 in 2021 during the same period.
Permian – update through May 2022
Permian tight oil production rose to a new output record in May, at around 4.6 million b/d (after upcoming revisions, horizontal wells only). Not all this production is reported yet by the state agencies, thus the apparent drop in production in the above chart.